Date: June 2023 Country: Poland Industry: Software Target: Symfonia Buyer (client): Accel-KKR Seller: Mid Europa VCP’s role/competence: buy-side M&A advisor
VCP acted as buy-side advisor to Accel-KKR on the acquisition of Symfonia, a leading provider of accounting, payroll and ERP software solutions
Upon completion of the transaction, Accel-KKR will join current investor MidEuropa as backers of Symfonia.
MidEuropa acquired Symfonia in March 2021 in a carve-out from Sage Group plc, and with the fund’s support, Symfonia completed three strategic add-on acquisitions: HRTec, Reset2 and Cloud Planet, which have enabled it to acquire new technology, consolidate existing market segments and also expand into new ones
The investment will enable Symfonia to build on its existing leadership position and strong brand equity in Poland to become a Central and Eastern European (CEE) regional leader by accelerating organic growth plans and expanding upon a successful M&A strategy.
VCP provided Accel-KKR with bespoke investment banking services including strategic analyses, valuation support and other ad-hoc assignments
The financial terms of the deal are undisclosed. The transaction is subject to customary regulatory and antitrust approvals
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.